Talks between Japanese and British government officials will commence next month aimed at updating the 35 year old tax treaty between the two nations, the Japanese Ministry of Finance has announced.
One of the central aims of the update, which is the first revision since 1980, will be the relaxing or removal of taxes paid by subsidiaries to their host countries on income such as dividends, interest and patent fees.
The UK is the second European nation to discuss tax treaty revisions with Japan this year, after talks began with the Dutch government in June.
The Japanese are also reported to be planning talks with several other nations in Europe and Asia regarding double taxation agreements.
Talks between Japan and the UK are set to commence on November 8 and will last until November 12.
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